Meeder Asset Management Inc. Grows Position in Tyson Foods, Inc. (NYSE:TSN)

Share on StockTwits

Meeder Asset Management Inc. grew its holdings in Tyson Foods, Inc. (NYSE:TSN) by 228.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,387 shares of the company’s stock after acquiring an additional 69,792 shares during the period. Meeder Asset Management Inc.’s holdings in Tyson Foods were worth $8,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC lifted its position in shares of Tyson Foods by 2.7% in the first quarter. Cerebellum GP LLC now owns 5,011 shares of the company’s stock valued at $348,000 after acquiring an additional 130 shares in the last quarter. Investment Management of Virginia LLC lifted its position in shares of Tyson Foods by 1.0% in the first quarter. Investment Management of Virginia LLC now owns 13,964 shares of the company’s stock valued at $970,000 after acquiring an additional 135 shares in the last quarter. Horrell Capital Management Inc. lifted its position in shares of Tyson Foods by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 31,468 shares of the company’s stock valued at $2,185,000 after acquiring an additional 139 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Tyson Foods by 0.6% in the first quarter. Empirical Finance LLC now owns 25,084 shares of the company’s stock valued at $1,742,000 after acquiring an additional 160 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in shares of Tyson Foods by 33.8% in the first quarter. Catalyst Capital Advisors LLC now owns 653 shares of the company’s stock valued at $45,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 68.95% of the company’s stock.

In other Tyson Foods news, EVP Mary Oleksiuk sold 43,592 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total transaction of $3,600,699.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sally Grimes sold 57,774 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $85.00, for a total value of $4,910,790.00. The disclosure for this sale can be found here. Insiders own 1.69% of the company’s stock.

TSN has been the topic of several research reports. Argus raised Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, May 14th. JPMorgan Chase & Co. set a $83.00 target price on Tyson Foods and gave the stock a “hold” rating in a report on Monday, August 12th. Mizuho lifted their target price on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Credit Suisse Group lifted their target price on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. Finally, BMO Capital Markets reaffirmed a “top pick” rating and issued a $90.00 target price on shares of Tyson Foods in a report on Tuesday, May 7th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods has an average rating of “Buy” and a consensus target price of $82.86.

NYSE TSN traded down $0.41 during trading hours on Monday, hitting $87.29. 28,818 shares of the company were exchanged, compared to its average volume of 2,746,510. The stock has a 50-day moving average price of $82.65 and a 200 day moving average price of $74.40. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74. Tyson Foods, Inc. has a 52 week low of $49.77 and a 52 week high of $89.88. The stock has a market cap of $32.04 billion, a PE ratio of 14.22 and a beta of 0.50.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.47. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The company had revenue of $10.89 billion for the quarter, compared to analysts’ expectations of $10.95 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyson Foods, Inc. will post 5.89 earnings per share for the current year.

Tyson Foods Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.

Further Reading: Oversold

Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).

Institutional Ownership by Quarter for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.